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Scilex completes $150 million BTC investment in Datavault, acquiring nearly 279 million shares of common stock from the latter
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According to Jinse Finance, Nasdaq-listed company Scilex Holding announced that the first tranche of its previously disclosed $150 million Bitcoin investment in Datavault AI has been completed. Under the terms of the investment, the company expects to receive a total of 278,914,094 shares of Datavault common stock, with an effective purchase price of $0.5378 per share.
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